Foreign & Colonial Investment Trust plc has agreed to issue fixed rate senior unsecured private placement notes of £75 million principal with a 30-year tenor, at a coupon of 2.92% ("the Notes").  The funding date for the Notes will be in May 2018. The purpose of this transaction is to obtain further fixed rate long-dated Sterling denominated financing, on an unsecured basis, at pricing levels that the company considers to be highly attractive. This funding will also have the beneficial effect of extending and diversifying the maturity profile of the company's overall liabilities, with the net proceeds from the sale of the Notes being used for investment and other general corporate purposes. The weighted average interest on all structural borrowings following the transaction is expected to be approximately 2.8%.